Höegh LNG: Acquisition of Höegh LNG Partners LP completed

HAMILTON, Bermuda, 23 September 2022 -- Höegh LNG Holdings Ltd. (“Höegh LNG”) announced today the completion of its previously announced acquisition of Höegh LNG Partners LP (NYSE: HMLP) (the “Partnership”), pursuant to which Höegh LNG acquired all of the outstanding common units of the Partnership (the “Common Units”) not already owned by Höegh LNG.

The Partnership’s 8.75% Series A Cumulative Redeemable Preferred Units (the “Series A Preferred Units”) will remain outstanding.

As a result of the completion of the acquisition, the Common Units will no longer be listed on any quotation system or exchange, including the New York Stock Exchange. The Partnership’s reporting obligations with respect to the outstanding Series A Preferred Units under the United States Securities Exchange Act of 1934, as amended, and the NYSE remain unchanged.

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About Höegh LNG:

Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's Vision is "Enabling the transition to Clean Energy". The company is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd.  and Funds managed by Morgan Stanley Infrastructure Partners, and owns approximately 46% of Höegh LNG Partners LP (NYSE:"HMLP"). Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia and the Philippines. The group employs approximately 180 office staff and 680 seafarers. Please see: www.hoeghlng.com